Japan commits 371 billion yen assistance for infra projects in India

Japan has committed an fficial development assistance (ODA) of 371 billion yen (about Rs 21,590 crore) for various infrastructure projects, including the dedicated freight corridor, in India for the FY 2016-2017. The total commitment of Japan International Cooperation Agency (JICA) ODA during two financial years 2015-16 and 2016-17 is 761.40 billion yen, which is 43.50% of the total target for five years. In the last few years, the economic partnership between India and Japan has steadily progressed. It has further consolidated and strengthened the Strategic and Global Partnership between India and Japan.